NorthCrest Asset Manangement LLC Purchases 10,733 Shares of CMS Energy Corporation $CMS

NorthCrest Asset Manangement LLC raised its holdings in CMS Energy Corporation (NYSE:CMS) by 395.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,447 shares of the utilities provider’s stock after purchasing an additional 10,733 shares during the period. NorthCrest Asset Manangement LLC’s holdings in CMS Energy were worth $848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GQG Partners LLC bought a new position in CMS Energy in the 2nd quarter valued at approximately $363,388,000. Magellan Asset Management Ltd bought a new stake in shares of CMS Energy during the second quarter worth $194,237,000. Legal & General Group Plc bought a new stake in shares of CMS Energy during the second quarter worth $189,370,000. Hsbc Holdings PLC acquired a new position in shares of CMS Energy during the second quarter worth $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CMS Energy during the second quarter worth $58,830,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.2%

Shares of NYSE CMS opened at $66.93 on Friday. The firm has a market cap of $20.99 billion, a PE ratio of 20.10, a P/E/G ratio of 2.44 and a beta of 0.32. The company’s fifty day simple moving average is $67.05 and its 200 day simple moving average is $72.08. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. CMS Energy Corporation has a 12-month low of $62.28 and a 12-month high of $80.36.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, sell-side analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 7th. CMS Energy’s payout ratio is 68.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CMS shares. Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Royal Bank Of Canada set a $73.00 price objective on CMS Energy in a research note on Tuesday, October 6th. Barclays upped their price objective on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, BMO Capital Markets dropped their price objective on shares of CMS Energy from $77.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

CMS Energy Company Profile

CMS Energy Corporation (NYSE: CMS) is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.